Business, 20.03.2020 03:18 wananikwecurley99
Trout Incorporated (Inc.) sells trout in a perfectly competitive market. Trout Inc. is able to sell trout for $ 200 per unit. In this market, there are 2000 firms competing with one another. Last year, Trout Inc. was able to earn an economic profit of $ 1 , 000 , 000 . The firm has purchased a permit to fish this season, insurance in case one of their workers gets hurt on the job, and a boat. Together, these items represent all of the firm's fixed costs and sum to $ 100 , 000 . Last year, Trout Inc.'s total revenue was $ 1 , 300 , 000 . What is the marginal revenue per unit for this firm?
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Trout Incorporated (Inc.) sells trout in a perfectly competitive market. Trout Inc. is able to sell...
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